First Citizens BancShares, Inc. (FCNCA) Balance Sheet
FCNCA balance sheet, 2025
December 31, 2025 · U.S. dollars$229.70B assets = $207.46B liabilities + $22.24B equity
Both columns are drawn to the same scale: what FCNCA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FCNCA financial health
Descriptive bands, not a rating. Fiscal 2025.
FCNCA balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $32.99B2016 | $229.70B2025 | +24.1%/yr | |
| Total liabilities | $29.98B2016 | $207.46B2025 | +24.0%/yr | |
| Shareholders’ equity | $3.01B2016 | $22.24B2025 | +24.9%/yr | |
| Cash & short-term investments | $9.42B2016 | $20.83B2025 | +9.2%/yr | |
| Total debt | $1.44B2016 | $36.01B2025 | +43.0%/yr | |
| Net cash (debt) | $7.98B2016 | −$15.17B2025 | −$23.2B | |
| Working capital | −$19.27B2016 | $5.05B2025 | +$24.3B | |
| Book value per share | $250.832016 | $1,798.752025 | +24.5%/yr | |
| Debt / equity | 0.482016 | 1.622025 | +1.14 | |
| Shares outstanding | 12.0M2016 | 12.4M2025 | +0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FCNCA assets
FCNCA liabilities and equity
FCNCA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FCNCA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $20.83B | $56.09B | $54.45B | $518.0M | $18.66B | $4.71B | $1.48B | $5.68B | $8.90B | $9.42B |
| Cash & equivalents | $20.60B | $22.18B | $34.52B | $5.54B | $337.8M | $362.0M | $376.7M | $327.4M | $336.1M | $539.7M |
| Short-term investments | $232.0M | $33.91B | $19.94B | $8.99B | $18.32B | $4.35B | $1.11B | $5.35B | $8.57B | $8.88B |
| Receivables | $146.36B | $3.49B | $3.21B | $2.87B | $134.2M | $145.7M | $123.2M | $109.9M | $95.2M | $79.8M |
| Inventory | $0 | $0 | −$4.20B | −$9.16B | −$10.46B | −$4.91B | −$1.65B | $48.0M | $51.1M | $75.7M |
| Other current assets | $804.0M | $0 | $4.20B | $6.29B | $10.46B | $4.91B | $1.65B | $0 | $0 | $0 |
| Total current assets | $168.00B | $59.58B | $57.66B | $518.0M | $18.79B | $4.86B | $1.61B | $5.79B | $9.00B | $9.50B |
| Property, plant & equipment (net) | $12.07B | $11.64B | $10.98B | $9.96B | $1.23B | $1.25B | $1.24B | $1.20B | $1.14B | $1.13B |
| Goodwill & intangible assets | $541.0M | $622.0M | $683.0M | $511.0M | $389.1M | $401.1M | $417.7M | $308.6M | $223.7M | $228.6M |
| Long-term investments | $44.69B | $46.73B | $32.15B | $60.0M | $22.23B | $42.57B | $35.86B | $32.13B | $23.48B | $21.65B |
| Other non-current assets | $4.40B | $105.14B | $112.28B | $98.25B | $15.67B | $875.6M | $693.2M | $0 | $688.6M | $475.6M |
| Total assets | $229.70B | $223.72B | $213.76B | $109.30B | $58.31B | $49.96B | $39.82B | $35.41B | $34.53B | $32.99B |
| Liabilities | ||||||||||
| Accounts payable | $140.0M | $134.0M | $137.0M | $995.0M | $51.41B | $43.43B | $34.43B | $30.67B | $29.27B | $28.16B |
| Short-term debt | $224.0M | $367.0M | $485.0M | $1.75B | $684.7M | $664.4M | $754.6M | $572.3M | $678.8M | $603.5M |
| Deferred revenue | — | — | — | −$995.0M | — | — | — | — | — | — |
| Total current liabilities | $162.95B | $155.73B | $146.87B | $3.55B | $34.62B | $27.33B | $23.11B | $31.24B | $29.95B | $28.76B |
| Long-term debt | $35.71B | $36.67B | $37.16B | $6.64B | $549.7M | $593.0M | $311.7M | $319.9M | $870.2M | $832.9M |
| Lease obligations | $401.0M | $372.0M | $405.0M | $7.0M | $4.3M | $6.3M | — | $13.2M | $7.8M | $5.7M |
| Other long-term liabilities | $8.80B | $9.09B | $8.47B | $89.44B | $644.7M | $655.2M | $572.2M | $355.1M | $378.1M | $380.6M |
| Total liabilities | $207.46B | $201.49B | $192.50B | $99.64B | $1.19B | $1.25B | $883.9M | $31.92B | $31.19B | $29.98B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $12.0M | $14.0M | $15.0M | $15.0M | $9.8M | $9.8M | $10.6M | $11.6M | $12.0M | $12.0M |
| Retained earnings (deficit) | $20.77B | $19.36B | $16.74B | $5.39B | $4.38B | $3.87B | $3.66B | $3.22B | $2.79B | $2.48B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $83.0M | −$445.0M | −$491.0M | −$735.0M | $9.8M | $12.3M | −$126.7M | −$235.2M | −$122.3M | −$135.2M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $22.24B | $22.23B | $21.25B | $9.66B | $57.11B | $48.71B | $38.94B | $3.49B | $3.33B | $3.01B |
| Key figures | ||||||||||
| Total debt | $36.01B | $37.41B | $38.05B | $8.39B | $1.23B | $1.26B | $1.07B | $933.7M | $1.56B | $1.44B |
| Net cash (debt) | −$15.17B | $18.68B | $16.40B | −$7.88B | $17.42B | $3.45B | $418.2M | $4.75B | $7.34B | $7.98B |
| Working capital | $5.05B | −$96.15B | −$89.21B | −$3.03B | −$15.83B | −$22.47B | −$21.51B | −$25.45B | −$20.95B | −$19.27B |
| Tangible book value | $21.70B | $21.61B | $20.57B | $9.15B | $56.72B | $48.31B | $38.52B | $3.18B | $3.11B | $2.78B |
| Book value per share | $1,798.75 | $1,549.75 | $1,461.83 | $621.35 | $5,818.20 | $4,843.51 | $3,495.23 | $292.26 | $277.61 | $250.83 |
| Shares outstanding | 12.4M | 14.3M | 14.5M | 15.5M | 9.8M | 10.1M | 11.1M | 11.9M | 12.0M | 12.0M |
| Current ratio | 1.03 | 0.38 | 0.39 | 0.15 | 0.54 | 0.18 | 0.07 | 0.19 | 0.30 | 0.33 |
| Quick ratio | 1.03 | 0.38 | 0.39 | 0.96 | 0.54 | 0.18 | 0.07 | 0.19 | 0.30 | 0.33 |
| Debt / equity | 1.62 | 1.68 | 1.79 | 0.87 | 0.02 | 0.03 | 0.03 | 0.27 | 0.47 | 0.48 |
| Equity / assets | 9.7% | 9.9% | 9.9% | 8.8% | 98.0% | 97.5% | 97.8% | 9.9% | 9.7% | 9.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.52B | $24.62B | $20.83B | $38.90B | $37.38B | $35.06B | $56.09B | $54.69B | $53.18B | $56.41B | $54.45B | $54.16B |
| Cash & equivalents | $1.52B | $24.27B | $20.60B | $25.67B | $27.07B | $25.50B | $22.18B | $26.50B | $26.12B | $31.49B | $34.52B | $37.49B |
| Short-term investments | $25.46B | $353.0M | $232.0M | $13.23B | $10.31B | $9.55B | $33.91B | $28.19B | $27.05B | $24.91B | $19.94B | $16.66B |
| Receivables | $943.0M | $955.0M | $146.36B | $6.48B | $6.19B | $6.11B | $3.49B | $3.40B | $3.44B | $3.16B | $3.21B | $3.53B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$4.21B | −$2.46B | −$2.30B | −$41.70B |
| Other current assets | $0 | $167.0M | $804.0M | $0 | $0 | $0 | $0 | $0 | $4.21B | $2.46B | $2.30B | $41.70B |
| Total current assets | $1.52B | $25.74B | $168.00B | $45.38B | $43.57B | $41.16B | $59.58B | $58.09B | $56.62B | $59.57B | $57.66B | $57.69B |
| Property, plant & equipment (net) | $12.28B | $12.18B | $12.07B | $12.03B | $11.90B | $11.71B | $11.64B | $11.49B | $11.23B | $11.07B | $10.98B | $10.83B |
| Goodwill & intangible assets | $517.0M | $528.0M | $541.0M | $584.0M | $596.0M | $608.0M | $622.0M | $638.0M | $652.0M | $666.0M | $683.0M | $700.0M |
| Long-term investments | $46.45B | $46.06B | $44.69B | $45.28B | $43.49B | $44.45B | $46.73B | $41.01B | $40.02B | $37.25B | $32.15B | $26.82B |
| Other non-current assets | $176.08B | $151.44B | $4.40B | $130.21B | $130.10B | $130.88B | $105.14B | $109.34B | $111.31B | $109.28B | $112.28B | $117.73B |
| Total assets | $236.84B | $235.96B | $229.70B | $233.49B | $229.65B | $228.82B | $223.72B | $220.57B | $219.83B | $217.84B | $213.76B | $213.76B |
| Liabilities | ||||||||||||
| Accounts payable | $167.0M | $109.0M | $140.0M | $105.0M | $120.0M | $107.0M | $134.0M | $149.0M | $159.0M | $141.0M | $137.0M | $146.0M |
| Short-term debt | $152.0M | $170.0M | $224.0M | $423.0M | $471.0M | $450.0M | $367.0M | $391.0M | $386.0M | $395.0M | $485.0M | $453.0M |
| Total current liabilities | $152.0M | $172.30B | $162.95B | $163.72B | $160.53B | $159.88B | $155.73B | $152.38B | $151.98B | $150.69B | $146.87B | $147.29B |
| Long-term debt | $31.95B | $33.72B | $35.71B | $38.19B | $37.58B | $37.92B | $36.67B | $36.76B | $37.06B | $37.14B | $37.16B | $37.26B |
| Lease obligations | $395.0M | $390.0M | $401.0M | $408.0M | $419.0M | $376.0M | $372.0M | $381.0M | $393.0M | $405.0M | $405.0M | $420.0M |
| Other long-term liabilities | $182.84B | $7.90B | $8.80B | $9.60B | $9.25B | $8.72B | $9.09B | $8.60B | $8.29B | $8.16B | $8.47B | $8.82B |
| Total liabilities | $214.94B | $213.91B | $207.46B | $211.50B | $207.36B | $206.53B | $201.49B | $197.74B | $197.34B | $195.99B | $192.50B | $193.38B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $11.0M | $12.0M | $12.0M | $13.0M | $13.0M | $13.0M | $14.0M | $14.0M | $15.0M | $15.0M | $15.0M | $15.0M |
| Retained earnings (deficit) | $20.35B | $20.34B | $20.77B | $20.87B | $20.34B | $19.80B | $19.36B | $18.70B | $18.10B | $17.43B | $16.74B | $16.27B |
| Accumulated other comprehensive income | −$230.0M | −$72.0M | $83.0M | −$44.0M | −$114.0M | −$199.0M | −$445.0M | −$159.0M | −$610.0M | −$582.0M | −$491.0M | −$880.0M |
| Total shareholders' equity | $21.90B | $22.05B | $22.24B | $21.99B | $22.30B | $22.30B | $22.23B | $22.83B | $22.49B | $21.85B | $21.25B | $20.39B |
| Key figures | ||||||||||||
| Total debt | $32.19B | $33.96B | $36.01B | $39.02B | $38.47B | $38.75B | $37.41B | $37.53B | $37.84B | $37.94B | $38.05B | $38.12B |
| Net cash (debt) | −$30.67B | −$9.34B | −$15.17B | −$116.0M | −$1.08B | −$3.69B | $18.68B | $17.16B | $15.34B | $18.47B | $16.40B | $16.03B |
| Working capital | $1.37B | −$146.55B | $5.05B | −$118.34B | −$116.96B | −$118.72B | −$96.15B | −$94.29B | −$95.36B | −$91.13B | −$89.21B | −$89.61B |
| Tangible book value | $21.38B | $21.52B | $21.70B | $21.40B | $21.70B | $21.69B | $21.61B | $22.19B | $21.84B | $21.18B | $20.57B | $19.69B |
| Book value per share | $1,898.44 | $1,848.90 | $1,798.75 | $1,711.06 | $1,684.34 | $1,642.36 | $1,595.92 | $1,587.92 | $1,547.20 | $1,503.03 | $1,461.83 | $1,402.37 |
| Shares outstanding | 11.5M | 11.9M | 12.4M | 12.8M | 13.2M | 13.6M | 13.9M | 14.4M | 14.5M | 14.5M | 14.5M | 14.5M |
| Current ratio | 9.99 | 0.15 | 1.03 | 0.28 | 0.27 | 0.26 | 0.38 | 0.38 | 0.37 | 0.40 | 0.39 | 0.39 |
| Quick ratio | 16.20 | 0.15 | 1.03 | 0.28 | 0.27 | 0.26 | 0.38 | 0.38 | 0.37 | 0.40 | 0.39 | 0.39 |
| Debt / equity | 1.47 | 1.54 | 1.62 | 1.77 | 1.73 | 1.74 | 1.68 | 1.64 | 1.68 | 1.74 | 1.79 | 1.87 |
| Equity / assets | 9.2% | 9.3% | 9.7% | 9.4% | 9.7% | 9.7% | 9.9% | 10.3% | 10.2% | 10.0% | 9.9% | 9.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
FCNCA financial position
At the end of fiscal 2025 (December 31, 2025), First Citizens BancShares had total assets of $229.7 billion (up 2.7% from a year earlier), total liabilities of $207.5 billion and shareholders' equity of $22.2 billion. It held $20.8 billion in cash and short-term investments against $36.0 billion of debt, net debt of $15.2 billion. Its current ratio was 1.03. In the latest quarter (ended June 30, 2026) total assets were $236.8 billion and equity $21.9 billion.
Related: FCNCA income statement, FCNCA cash flow statement, FCNCA key metrics. See the FCNCA stock overview for the latest quote and news.
FCNCA balance sheet FAQ
What are First Citizens BancShares's total assets?
First Citizens BancShares reported total assets of $229.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $223.7 billion a year earlier.
How much debt does First Citizens BancShares have?
First Citizens BancShares had $36.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.62.
How much cash does First Citizens BancShares have?
First Citizens BancShares held $20.8 billion in cash and short-term investments at the end of fiscal 2025; with $36.0 billion of debt that is net debt of $15.2 billion.
What is First Citizens BancShares's book value?
First Citizens BancShares's shareholders' equity (book value) was $22.2 billion at the end of fiscal 2025, or $1,798.75 per share.
What is First Citizens BancShares's current ratio?
First Citizens BancShares had current assets of $168.0 billion and current liabilities of $162.9 billion, a current ratio of 1.03 (it can cover its short-term obligations).
How much goodwill does First Citizens BancShares have?
First Citizens BancShares carried $541.0 million of goodwill and intangible assets, 0.2% of total assets, at the end of fiscal 2025.